There are 300 fitness centres in 11 states, and at least 40 belong to Shaq, each with an original design. Shaq owns Forever 21, JCPenney, Elvis Presley, Marilyn Monroe, and others. O'Neal who following a very successful basketball career made a name for himself by bagging a seemingly endless list of endorsement deals from brands such as The General, Gold Bond, Icy Hot, Buick, etc. > Whats the Average Retirement Age for NBA Players? Another commented, Shaq dont want the bag, he want the whole distribution center.. O'Neal is reportedly the second highest individual shareholder of the Authentic Brands Group. As a matter of fact, Shaquille O'Neal owns 50 different brands. What is the Best Zone Defense for Youth Basketball. As part of the three-year deal, Shaq also assumed the role of business spokeswoman. He was a total prankster, once running naked onto the practice floor with the Lakers. On Thursday, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York and J.C. Penney, entered into an agreement to buy the Reebok brand from Adidas. The basketball star-turned-businessman added that he intends to keep his total earnings private since his "mom really doesn't like articles like that. What Is Shaq's Net Worth? (Updated 2023) - The Cold Wire WordPress.com VIP. He joined the chain of fitness centres in 2013 as a brand ambassador and gradually worked up the ladder to the board of directors in 2016, and 2019 he became an advisor. Shaquille O'Neal Bragged About his $400 Million Net - EssentiallySports What Companies Does Lebron Own? - Bliss Tulle shared that he owns quite a few notable businesses of his own. However, O'Neal has also become a renowned businessman with multiple. Shaq has long been a fan of Vitaminwater, and he even created his own flavor, Shaq Fu Punch, which he originally collaborated with in 2008. Well delve deeper into Shaqs business operations and what he does on a daily basis. So, I called the three companies [seemingly Authentic brand group, Simon property group, and Brookfield property partners] that helped people live forever, and they bought my brand for a lot of money. Find out the franchises and other business Shaq is investing in below. Sports Brief has compiled a list of the top 10 football stars with the most expensive car collections. During his interview, he stated that he aims to own more than 100 Krispy Kreme cafeterias and has acquired a famous place in Atlanta. Does Shaquille O'Neal own JCPenney? He has built an empire from the ground while ensuring his personal life and involvement boost its value. eSports is a competitive video game platform that has recently gained popularity. The multinational pizza business was founded in 1984 by John Schnatter, and in 2019, Shaq became its new brand ambassador, investor, and owner. He has a net worth of $400 million . He said, Congratulations, my friend, we own Reebok. And it was one of the best days in my life., Footwear News is a part of Penske Media Corporation. Save my name, email, and website in this browser for the next time I comment. Since 2015, Shaq has owned interests in the Authentic Brands Group. After his retirement from the NBA, Shaq pursued a career in business and entertainment. Following that mantra, Shaq went on to become the unofficial franchise king in the restaurant world, among others. Forever 21 is currently owned by Authentic Brands Group and Simon Property Group. ONeal acquired the fabled Krispy Kreme shop at 295 Ponce de Leon Avenue in Atlanta in late 2016. He is reportedly in talks to acquire additional locations and expand his stake in the company. This raises the total value of his investment to almost $6.5 million. The latter allowed him to cross over mainstream TV and movies seamlessly. NRG eSports, an American esports team that competes in Counter-Strike: Global Offensive, Overwatch, Fortnite Battle Royale, Rocket League, and PlayerUnknowns Battlegrounds, has Shaq as a minority owner. Thats not only because of his impressive basketball resume; he also has this bigger-than-life quirky personality. This say includes being the key voice in the companys acquisition of Reebok. ONeal has also mentioned his many businesses on the Earn Your Leisure podcast: Be the first one to comment on this story. Rashford Vs Saka: who is the better forward at the moment? The brand now provides high-style designs and fashion basics with attractive pricing and a lively shop environment, thanks to a renewed focus on the consumer experience. 9. He also owns 24-Hour fitness gyms, car washes, movie theatres, nightclubs, and shopping malls. We bring people together, change perceptions, and inspire actions that impact culture for good. What Companies Does Shaq Own? This can be attributed to the fact that Shaq is an athlete that spent 19 seasons as a professional athlete in the NBA. Were going to build this company together. And thats how he became the second-largest shareholder of ABG.. I called the three companies that helped people live forever, and they bought my brand for a lot of money. He has also appeared in numerous films, television shows, and commercials. Really grateful for the opportunity to interview him and write this story.My latest for @FOS https://t.co/Ni5TyidWLY, "One day I had the children and my boys said, 'Dad, take us to the Staples Center!'" After that, ONeal decided to invest the money from that deal right back into Authentic Brands Group. Ted Baker Management Exits as Authentic Inks New Deals for the British Brand. Mic Drop: Shaquille O'Neal Shuts Down the Internet with His Financial How many 5 guys does shaq own? - foodmiles.net Given his success with Five Guys, Shaqs Pizza appears to be a franchising empire in the making. This decision led ONeal to become the second-largest individual shareholder in the company. Second, what he has done on the court is magnified a gazillion times because he has such a jovial, childlike personality. Six years later, these bets appear to have paid off. After Shaqs highly-successful playing career, he turned into other business ventures and effectively built quite a portfolio for himself. Top 10 football stars with the most expensive car collections. Shaq belongs to this elite group of multi-million NBA players. Although they are only sometimes considered franchises, these car washes are profitable and serve the legendary basketballer well. Shaq is an investor and entrepreneur with a number of successful business ventures. C. Penney Company, Inc (carrying on with work as JCPenney and truncated JCP) is a midscale American retail chain organization with 689 locales in 49 states and Puerto Rico. These brands include some in the tech space, others in fitness and lifestyle niches. Shaq bought a share of Rings equity in 2016 and he later joined the companys marketing strategy as a brand ambassador. Who does Shaq own the rights to? The brand now provides high-style designs and fashion basics with attractive pricing and a lively shop environment, thanks to a renewed focus on the consumer experience. Having worked as a financial advisor and an author, I combine a passion for writing with a deep understanding of financial planning and wealth management in my writing. Car Washes He is widely regarded as one of the greatest NBA players of all time. As of this writing, he owns 10% of all Five Guys Restaurants franchise stores. Which 50 brands does Shaquille O'Neal own? Taking a closer look at Meanwhile, ONeal has discussed his reasoning for the partnership. The former basketballer is the second-highest shareholder of the Authentic Brands Group, which owns JCPenney. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. He recently invested in an artificial intelligence startup and is looking to expand his portfolio into the technology space. JCPenney is an American department store chain with over 1,000 locations in the United States and Puerto Rico. Shaq is always looking to expand his business portfolio and he has numerous investments in the works. 2023 Fairchild Publishing, LLC. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Despite the undeniable success of his ventures, Shaq did not ever stop building his personal brand and expanding his reach. O'Neal's many years of investing have really paid off. He has 17 Auntie Annies Pretzels restos, at least 1 Krispy Kreme franchise in Atlanta, and is heavily involved with Papa Johns. This campaign led to the development of his clothing line with JCPenney called Shaquille ONeal XLG. The line launched in 2018 as a menswear brand for big and tall men. Is Family Ties The Link Between Joseph Larson and Jimmy Swaggart? How Shaq Became a Successful Entrepreneur. He did, however, talk about one venture that he's excited about: esports. ONeal has expressed his ambition to purchase Reebok through his association with ABG in recent years. However, according to Shaq in his interview in the Earn Your Leisure podcast, the entrepreneurs already sold off all his Auntie Annes franchises too. ? Shaq was also formerly a part-owner of 155 Five Guys restaurants. He released a range of sneakers as a result of this cooperation, including the well-known Reebok Shaq Attaq. Find Out If Shaq Is The Owner of JCPenney and Forever 21! Shaq is an active businessman and investor in several top U.S. corporations such as Apple, General Electric, and PepsiCo. Sharing some takeaways from his interview with the Earn Your Leisure podcast, Shaq said in reference to some guys he talked to about Google back in 2004, Its always important to have somebody smarter than you, that works for you. As a longtime partner of Reebok and an owner of ABG, its a dream come true to welcome this legendary brand to the family, ONeal said in a statement. In an interview with the Earn Your Leisure podcast, Shaq had this to say about his businesses: I dont like to seem like Im bragging, but Im going to ask you a question. Here is the list of companies Shaq ONeal owns: FOREVER 21 which is owned by Shaq is a leader in the fashion business, bringing the latest trends to everyone while inspiring individual style and confidence. He is presently involved in several food franchises likeKrispy Kreme, Papa Johns, and Auntie Annes Pretzels. What Is Shaq's Net Worth? (2023) - Vetted Biz one Krispy Kreme All rights reserved. All rights reserved. > What Do NBA Players Do After They Retire? According to the facts, Shaq owns 50 distinct brands, which he also revealed himself. According to Suns teammate Grant Hill, he once choked Gordan Giricek in the locker room for something so trivial. Your email address will not be published. O'Neal has owned shares in ABG since 2015, when he sold the rights to his name brand to the company. What celebrity owns Forever 21? - Global FAQ This is what growth looks like https://t.co/2xtdAyZW48. But getting those points is more complex than it seems. Shaq owns 50 brands in different industries, not to mention dozens of other companies he endorses. A post shared by DR. SHAQUILLE ONEAL Ed.D. The Big Diesel then made the decision to immediately reinvest the proceeds of that deal in Authentic Brands Group. People often wonder what companies Shaq own, and the list leaves them astonished. Does Shaq own The General? Shaquille O'Neal Is a Partial Owner of Reebok, Forever 21, JCPenney He likewise advanced organizations like Burger King, Mcdonalds, Taco Bell, Pepsi, and Oreo. This company is responsible for many brand and retailer acquisitions, including Forever 21, Reebok, Barneys New York and JCPenney. Under new ownership, JCPenney is no longer a publicly-traded company. and added it to the long list of his assets. Because Shaq always stayed within himself, that easily made him one of Americas biggest restaurant franchisees. All Rights Reserved.FN and Footwear News are registered trademarks of Fairchild Publishing, LLC. In 2016, O'Neal bought Krispy Kreme cafeteria valued at $2.75 million and added it to the long list of his assets. Open an Account Today Franchise King At one point, Shaq owned 155 Five Guys restaurants - equivalent to 10% of the company's entire franchise portfolio. Hoops Addict was created to help basketball fans of all ages learn more about the sport and find the best basketball gear to improve their ability to hoop. Does Shaq Own Reebok, JCPenney, Forever 21, and Barneys New York His most valuable asset is likely his stake in the Papa Johns Pizza chain. When ONeal called it quits in 2011, his ventures outside of basketball grew bigger and bigger until he practically had a business empire of his own. The Big Diesel invested $840,000 in 9 other Papa John's restaurants, and when his name was used for marketing purposes, he pocketed a whooping sum of $8.5 million. "I put money back in the company, and now I own all those other brands, so if Shaq ever goes away, sh-t, we still got Elvis," he said. The Big Diesel invested $840,000 in 9 other Papa John's restaurants, and when his name was used for marketing purposes, he pocketed a whooping sum of $8.5 million. What Companies Does Shaq Own? | Hoops Addict The Lakers icon has won four championships in addition to other personal honors, and he is equally successful outside of the game. ONeal stated in front of more than 3,000 franchise professionals at the International Franchise Associations 2022 Annual Convention that he wanted to succeed in business instead of becoming one of the 60% of NBA players who go broke after leaving the game.. Although Shaq has invested in a number of businesses, he does not currently own any of the major retail brands. Armani, Azzedine Alaa, Comme des Garons, Christian Louboutin, and Ermenegildo Zegna were among the prominent luxury labels brought to the US market. If you found this helpful, help us out by sharing this post! Does Shaq Own Papa Johns? (2023) - fashioncoached.com We'll answer this question and provide an overview of Shaq's other investments, such as his ownership stake in Walmart, Krispy Kreme, JC Penney, Forever 21 and Papa John's. Shaq joined shortly there after with a 2016 investment in the business. Away from the court, Shaq has made a name for himself on the big screen with such films as Kazaam (1996), Steel (1997), and Scary Movie 4 back in 2006. As mentioned earlier, Shaq has experience owning several food franchises. Sacramento is home to just the Kings, one of the top professional sports leagues in North America. How much do celebrities get paid for commercials? During his interview, he stated that he aims to own more than 100 Krispy Kreme cafeterias and has acquired a famous place in Atlanta. In 2013, Shaq made his first investment in Lyft when it was still a startup. He is also known for his business acumen and success as an entrepreneur. NRG eSports was created in 2015. As of 2023, the multinational company has over 540 outlets. He has transformed into one of the world's entrepreneurs owning numerous companies and brands with shares worth millions. So, one of the chapters in the book, joint venture-ship. His business portfolio is nothing less than the work of a financial genius. Soft pretzels that are freshly baked and sensually aromatic are Auntie Annes specialty. According to ONeal himself, he owns 50 different brands. Shaq joined the companys board of directors in 2016 and in 2019 he was appointed a strategic advisor to the organization. He was introduced to Google before it went public in 2004 and said his only regret is not buying more of Googles stocks. Through the years, Reeboks revenues declined and in December of 2020, Adidas announced it would sell the business. (The Good and Bad), How to Start a Home Bakery Business (Beginners Guide), What To Research Before Buying A Franchise: Objective List, Can You Franchise Shaqs Big Chicken Restaurant? The Ring Video Doorbell smart doorbell is one of the outdoor surveillance camera-equipped home security solutions that Ring manufactures. The renowned entrepreneur has also ventured into the entertainment industry, appearing in numerous films and television shows. The Big Chicken franchise, owned by O'Neal, is a fast-food dining service that serves delicious chicken sandwiches in large portions and other side dishes. What check system does JCPenney use? - Global FAQ In 2008, Shaq bought a Five Guys restaurant in Atlanta, which was the beginning of his involvement with the company. The franchise has 10 locations with great reviews and is closely monitored. Founded in 1937, Krispy Kreme is famously known for its donuts and coffee, and currently, it has over 1,300 stores worldwide. You need to explain that to me. He says, Im doing a deal with you to sell you 50% of everything I have going on for the rest of my life. Does Shaquille O'Neal own JCPenney, Forever 21, and Elvis Presley . ! wrote one Instagram user. If theres one thing I know, its that money can be a powerful tool but only if you use it correctly. These franchises significantly contribute to his extensive net worth. Lyft would eventually be valued at $23.4 billion when the company went public in 2019. All in all, Shaq owns 50 brands and does not plan on stopping there. A selection of specialty sandwiches is available on the Big Chicken menu. Who owns JCPenney and Forever 21? ' related Salter. Restaurants, retail malls, movie theater, car washes, and nightclubs are all part of Shaqs economic empire. Shaq owns part of The General, Gold Bond, Icy Hot, Buick, Marilyn Monroe, Elvis Presley, Forever 21, JCPenney, Auntie Annie's Pretzels.He also works as a DJ under the name DJ Diesel, is a minority owner in the NBA's Sacremento Kings, works as a presenter for TNT and in early 2021 launched an Agency named Majority. ONeal also made a name for himself as a movie star and a rapper. Big Diesel owns numerous companies and brands, and his business portfolio indicates he is a financial genius. by Ethan Miller March 17, 2023, 6:08 pm. Mortons Steakhouse Menu Prices + Power Hour (2023), Pei Wei Menu Prices + Limited-Time Offers (2023), Cinnabons Menu Prices + 4 Free BonBites (2023), Caribou Coffee Menu Prices + Free Coffee Offer (2023), Krispy Kreme Donuts 1 (In Atlanta thats nearly 60 years old. I never even heard of esports. The multi-titled NBA champion has acknowledged in interviews that he has always realized money might vanish as soon as it appeared. He revealed his plans back in 2021 to invest in Bare Knuckle FC, although he still has to give his official word on it. Former NBA superstar Shaquille ONeal, popularly known as Shaq, is one of those generational talents who hardly comes into the NBA today. See a trend here? Thats not only because of his impressive basketball resume; he also has this bigger-than-life quirky personality. Who owns Marilyn Monroe," the former basketball star asked the two hosts, reports Atlanta Black Star. Although Shaq has invested in other fast food restaurants, Big Chicken is a brand that has partnered with big companies like the RS Hospitality and the Authentic Brands Group. Heres a list of other investments Shaq has made through the years. "My real business is I own 50 brands," O'Neal explained. This company is responsible for many brand and retailer acquisitions, including Forever 21, Reebok, Barneys New York and JCPenney. ONeals wide-ranging portfolio has led him to amass an impressive net worth of $400 million.-. How much of Papa John's does Shaq own? [Answered!] Required fields are marked The company was founded in 1984 and has grown to become one of the largest retailers in the United States. He also owns a percentage of Marilyn Monroe, Muhammad Ali, Forever 21, David Beckham, and Barney's New York. Since he originally joined the 24-Hour Fitness team as a brand ambassador in 2013, Shaquille ONeal has been associated with the company. As of 2021, Shaq's net worth is somewhere around $400 million, per NBC Sports. Does Shaq own JCPenney? Footwear News is a part of Penske Media Corporation. The biggest investor and shareholder in the Authentic Brands Group is the company's founder and CEO, Jamie Salter. Alright, thats a bit of a low blow, but I had to go there. As I mentioned earlier, Shaq has invested in Apple, PepsiCo, and General Electric. NBA legend Shaquille O'Neal may be most well-known for his NBA career and his gig as an Analyst for "Inside the NBA" on TNT. There are 300 fitness centres in 11 states, and at least 40 belong to Shaq, each with an original design. Thus according to accounts, Shaq is the second-highest shareholder of the Authentic Brands Group. Worth It? What companies does Shaq own, and whats his secret to becoming richer than ever? Playboy, Millings responded. Siminoff revamped the business after appearing on Shark Tank, and it saw a $5 million increase in sales. You dont have to own a business to be a CEO, being a CEO is a mentality. Shaq is also one of the color commentators and producers of the hugely popular show, Inside the NBA, along with Ernie Johnson, Charles Barkley, and Kenny Smith. Shaq reportedly owns 40 locations of the 24-Hour Fitness Centers across the country at the time of writing. Coca-Cola purchased the brand name in 2007 after it had been developed in 1996. Shaq owns Forever 21, JCPenney, Elvis Presley, Marilyn Monroe, and others. If you have that mentality, if you have that belief, it will work. Shaq said that one of his motivators was that his mother did the chores, go to work, come home, cook dinner, and never complained saying, I never wanted to be rich, I just wanted to be able to buy my mother everything she wants. The Big Diesel said that sometimes his kids dont understand him when he says, We aint rich, Im rich. Big Diesel owns 150 car washes in multiple locations in the United States of America and has employed quite several people. Shaq says he plans to expand the business. Of course who could forget his timeless rap album titled Shaq Diesel? He is also a partner in the ownership group of the Sacramento Kings. I wanted to partner with a company that could perhaps have my name go on forever, ONeal told FN. based on fast foods, for instance, the Five Guys and the Big Chicken restaurants, while others deal with fashion, fitness, and car washes. ONeal said he was initially attracted to ABG because the operation centered around fun, family values and getting things done. Does Shaquille o Neal own JCPenney? . Outside of franchises, Shaq invested in his very own restaurant called Big Chicken. A few rented divisions, like Seattles Best Coffee, optical facilities, and photography studios, are much of the time found in JCPenney stores. IPO puts Shaq, Elvis, Marilyn and retail brands on market - Capital "I make investments, not for the monetary reasons, but if it's going to change people's lives and if I see people enjoy doing it.". This happened immediately following the contentious disclosure of their former CEO. Footwear News is a part of Penske Media Corporation. Wrapping Things Up: What Companies Does Shaq Own? Esteban Ocons net worth, height, salary and girlfriend. The first location is expected to open in Atlanta, Georgia. The Big Diesel has a substantial and diversified investment portfolio that includes 50 distinct companies. Meet Jamie Salter, CEO of Forever 21, Barneys Owner Authentic Brands He is currently a sports analyst on the television show Inside the NBA. ONeal claims what could be compared to 89,723 Papa Johns portions, as per a structure he recorded with the Securities and Exchange Commission, including 87,136 unvested confined stock units, or RSUs, procured through his underwriting plan.